Opposition slams Centre on Rs 2000 phrase concern, Mamata calls it one different ‘Tughlaqi demonetisation’
9 min readBy PTI
NEW DELHI: Opposition leaders on Saturday attacked the federal authorities over the withdrawal of Rs 2000 international cash notes from circulation with West Bengal Chief Minister Mamata Banerjee describing it as “Tughlaqi demonetisation drama” and Congress questioning if this was the second “notebandi” practice.
The BJP rejected this was any sort of demonetisation and as an alternative reminded Congress that even all through the rule of Manmohan Singh, earlier international cash notes have been taken off circulation.
The Reserve Bank of India (RBI) on Friday made the shock announcement nevertheless gave most of the people time till September 30 to each deposit Rs 2000 notes in accounts or alternate them at banks. It talked about it had requested banks to stop issuing Rs 2000 notes with instantaneous affect.
Banerjee talked about this switch would “hit common people hard once again.”
In a tweet, she talked about, “Another whimsical and Tughlaqi demonetisation drama of Rs 2,000 notes will hit the common people hard once again by subjecting them to massive harassment. These imperious measures are meant to camouflage the fundamentally anti-people & crony capitalist nature of this regime. Such misadventure by an oligarchic & authoritarian government will not be forgotten by the people at large at the time of reckoning.”
Congress president Mallikarjun Kharge generally known as for an impartial probe into the whole episode.
In a tweet in Hindi, he talked about, “You inflicted a deep wound on the economy with the first demonetisation. Due to this, the entire unorganised sector was destroyed, MSMEs were closed down and crores of jobs were lost. Now, the ‘second demonetisation’ of Rs 2000 note…Is this a cover-up of a wrong decision? Only an unbiased investigation will reveal the truth of the matter.”
At a press conference in Patna, senior BJP chief Ravi Shankar Prasad when requested regarding the switch talked about, “The RBI has put out a detailed communication clearly explaining how the use of these high denomination notes was dwindling. We would like to remind our Congress friends that even during the rule of Manmohan Singh, old currency notes used to be taken off circulation. Hence they (Congress) must not call it notebandi.”
He added, “If these notes were in use for laundering money, scrapping these will hit such networks.”
On the issue, Union Minister Dharmendra Pradhan hit once more at Delhi Chief Minister Arvind Kejriwal after the latter took a jibe at Prime Minister Narendra Modi over the RBI’s dedication.
Kejriwal had tweeted that it was first talked about Rs 2000 notes will end corruption and now it is being talked about that withdrawing them will end corruption. “That is why I say that we should have an educated prime minister,” he talked about.
Responding to this, Pradhan talked about Rs 2,000 notes keep licensed tender and added that the “educated chief minister is again out to sell lies.”
While congratulating Siddaramaiah on turning into Karnataka chief minister, Tamil Nadu BJP chief Okay Annamalai took a jibe at him, asking, “Where does the Congress government have funds to implement its five poll assurances, which require about Rs 65,000 crore per year? Rs 2,000 currency notes can’t be bundled in bags anymore as they would be withdrawn by this September.”
Independent Rajya Sabha member Kapil Sibal moreover attacked the federal authorities over the selection and recalled Prime Minister Narendra Modi’s remarks on the time of the 2016 demonetisation that the magnitude of cash in circulation is instantly linked to the extent of corruption.
He talked about, “Rs 2000 notes scrapped. PM to Nation: November 8, 2016, ‘The magnitude of cash in circulation is directly linked to the level of corruption’. Cash in circulation: 2016 (17. 7 lakh crores); 2022 (30.18 lakh crores). So: Corruption increased! What say you PM ji?”
Trinamool Congress MP Mahua Moitra talked about “No civilised nation puts its people under constant fear of cash turning to toilet paper. Why should we stress about our wallets vaporising every few years?”
“BJP & Modiji’s distractions cut no ice. You lost Karnataka. You will lose more states. Also, you cannot save Adani,” she talked about.
Reacting to the occasion, AIMIM chief Asaduddin Owaisi posed 5 inquiries to Modi.
“Five questions to Top Economist PM Modi:@PMOIndia.
(1) Why did you introduce the 2000 note in the first place?
(2) Can we expect 500 note to be withdrawn soon?
(3) 70 crore Indians don’t have a smartphone, how do they do digital payment?
(4) What is the role of Bill Gates-owned Better Than Cash Alliance in making you do Demo 1.0 and 2.0?
(5) Is NPCI being hacked by Chinese hackers? If so, what will happen to payments when war happens,” he requested.
Tamil Nadu Chief Minister M Okay Stalin claimed the switch is a ploy to cowl the BJP’s electoral debacle.
On his Twitter cope with, Stalin wrote: “500 suspicions, 1000 mysteries, 2,000 mistakes! A single trick to conceal the electoral fiasco in Karnataka #2000Note #Demonetisation.”
Shiv Sena (UBT) leaders Sanjay Raut and Aaditya Thackeray, Bharat Rashtra Samithi spokesperson Sravan Dasoju moreover questioned the switch.
Slamming the selection, Congress regular secretary organisation KC Venugopal talked about, “I recollect the prescient words of our former PM Dr. Manmohan Singh, who called demonetisation an act of ‘organised loot and legalised plunder’ and its implementation was a ‘monumental management failure’.”
Congress’ media and publicity division head Pawan Khera took a swipe at Modi, saying the one who could not use the phrase printed by himself even for seven years asks what the nation did in 70 years.
Congress MP Manish Tewari talked about the RBI’s logic behind the withdrawal of Rs 2,000 rupee notes was reverse to the reply given by the Finance Ministry to his Parliament Question on November 18, 2019.
The Rs 2,000 denomination banknote was launched in November 2016, primarily to fulfill the international cash requirement of the monetary system in an expeditious methodology after the withdrawal of licensed tender standing of all Rs 500 and Rs 1,000 banknotes in circulation in the intervening time.
The RBI talked about it has moreover been seen that Rs 2,000 denomination phrase is simply not typically used for transactions. Further, the stock of banknotes in numerous denominations continues to be sufficient to fulfill the international cash requirement of most of the people.
“In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the Rs 2,000 denomination bank notes from circulation,” it talked about.
NEW DELHI: Opposition leaders on Saturday attacked the federal authorities over the withdrawal of Rs 2000 international cash notes from circulation with West Bengal Chief Minister Mamata Banerjee describing it as “Tughlaqi demonetisation drama” and Congress questioning if this was the second “notebandi” practice.
The BJP rejected this was any sort of demonetisation and as an alternative reminded Congress that even all through the rule of Manmohan Singh, earlier international cash notes have been taken off circulation.
The Reserve Bank of India (RBI) on Friday made the shock announcement nevertheless gave most of the people time till September 30 to each deposit Rs 2000 notes in accounts or alternate them at banks. It talked about it had requested banks to stop issuing Rs 2000 notes with instantaneous affect.googletag.cmd.push(function() googletag.present(‘div-gpt-ad-8052921-2’); );
Banerjee talked about this switch would “hit common people hard once again.”
In a tweet, she talked about, “Another whimsical and Tughlaqi demonetisation drama of Rs 2,000 notes will hit the common people hard once again by subjecting them to massive harassment. These imperious measures are meant to camouflage the fundamentally anti-people & crony capitalist nature of this regime. Such misadventure by an oligarchic & authoritarian government will not be forgotten by the people at large at the time of reckoning.”
Congress president Mallikarjun Kharge generally known as for an impartial probe into the whole episode.
In a tweet in Hindi, he talked about, “You inflicted a deep wound on the economy with the first demonetisation. Due to this, the entire unorganised sector was destroyed, MSMEs were closed down and crores of jobs were lost. Now, the ‘second demonetisation’ of Rs 2000 note…Is this a cover-up of a wrong decision? Only an unbiased investigation will reveal the truth of the matter.”
At a press conference in Patna, senior BJP chief Ravi Shankar Prasad when requested regarding the switch talked about, “The RBI has put out a detailed communication clearly explaining how the use of these high denomination notes was dwindling. We would like to remind our Congress friends that even during the rule of Manmohan Singh, old currency notes used to be taken off circulation. Hence they (Congress) must not call it notebandi.”
He added, “If these notes were in use for laundering money, scrapping these will hit such networks.”
On the issue, Union Minister Dharmendra Pradhan hit once more at Delhi Chief Minister Arvind Kejriwal after the latter took a jibe at Prime Minister Narendra Modi over the RBI’s dedication.
Kejriwal had tweeted that it was first talked about Rs 2000 notes will end corruption and now it is being talked about that withdrawing them will end corruption. “That is why I say that we should have an educated prime minister,” he talked about.
Responding to this, Pradhan talked about Rs 2,000 notes keep licensed tender and added that the “educated chief minister is again out to sell lies.”
While congratulating Siddaramaiah on turning into Karnataka chief minister, Tamil Nadu BJP chief Okay Annamalai took a jibe at him, asking, “Where does the Congress government have funds to implement its five poll assurances, which require about Rs 65,000 crore per year? Rs 2,000 currency notes can’t be bundled in bags anymore as they would be withdrawn by this September.”
Independent Rajya Sabha member Kapil Sibal moreover attacked the federal authorities over the selection and recalled Prime Minister Narendra Modi’s remarks on the time of the 2016 demonetisation that the magnitude of cash in circulation is instantly linked to the extent of corruption.
He talked about, “Rs 2000 notes scrapped. PM to Nation: November 8, 2016, ‘The magnitude of cash in circulation is directly linked to the level of corruption’. Cash in circulation: 2016 (17. 7 lakh crores); 2022 (30.18 lakh crores). So: Corruption increased! What say you PM ji?”
Trinamool Congress MP Mahua Moitra talked about “No civilised nation puts its people under constant fear of cash turning to toilet paper. Why should we stress about our wallets vaporising every few years?”
“BJP & Modiji’s distractions cut no ice. You lost Karnataka. You will lose more states. Also, you cannot save Adani,” she talked about.
Reacting to the occasion, AIMIM chief Asaduddin Owaisi posed 5 inquiries to Modi.
“Five inquiries to Top Economist PM Modi:@PMOIndia.
(1) Why did you introduce the 2000 phrase inside the first place?
(2) Can we anticipate 500 phrase to be withdrawn rapidly?
(3) 70 crore Indians have not acquired a smartphone, how do they do digital charge?
(4) What is the place of Bill Gates-owned Better Than Cash Alliance in making you do Demo 1.0 and a few.0?
(5) Is NPCI being hacked by Chinese hackers? If so, what is going on to happen to funds when battle happens,” he requested.
Tamil Nadu Chief Minister M Okay Stalin claimed the switch is a ploy to cowl the BJP’s electoral debacle.
On his Twitter cope with, Stalin wrote: “500 suspicions, 1000 mysteries, 2,000 mistakes! A single trick to conceal the electoral fiasco in Karnataka #2000Note #Demonetisation.”
Shiv Sena (UBT) leaders Sanjay Raut and Aaditya Thackeray, Bharat Rashtra Samithi spokesperson Sravan Dasoju moreover questioned the switch.
Slamming the selection, Congress regular secretary organisation KC Venugopal talked about, “I recollect the prescient words of our former PM Dr. Manmohan Singh, who called demonetisation an act of ‘organised loot and legalised plunder’ and its implementation was a ‘monumental management failure’.”
Congress’ media and publicity division head Pawan Khera took a swipe at Modi, saying the one who could not use the phrase printed by himself even for seven years asks what the nation did in 70 years.
Congress MP Manish Tewari talked about the RBI’s logic behind the withdrawal of Rs 2,000 rupee notes was reverse to the reply given by the Finance Ministry to his Parliament Question on November 18, 2019.
The Rs 2,000 denomination banknote was launched in November 2016, primarily to fulfill the international cash requirement of the monetary system in an expeditious methodology after the withdrawal of licensed tender standing of all Rs 500 and Rs 1,000 banknotes in circulation in the intervening time.
The RBI talked about it has moreover been seen that Rs 2,000 denomination phrase is simply not typically used for transactions. Further, the stock of banknotes in numerous denominations continues to be sufficient to fulfill the international cash requirement of most of the people.
“In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the Rs 2,000 denomination bank notes from circulation,” it talked about.
